Group urges TVA to finish building reactors, scrap most of its coal plants

4:28 AM,
Sep. 14, 2013

Written by

Dave Flessner
| Chattanooga Times Free Press

The Tennessee Valley Authority could avoid a scheduled rate increase next month and cut industrial rates by 30 percent if it scraps its oldest and dirtiest coal plants and finishes its incomplete nuclear plants using outside financing.

At least that's how one investment group sees the future for America's biggest government utility. In a proposal outlined Friday to Tennessee's U.S. senators and the TVA board, an investment group backed by energy experts from Credit Suisse suggested TVA shut down, rather than clean up, all but two of its coal-fired power plants. The $8 billion savings from ...